Jinshan Hong

I cover Chinese companies and cultural events. I am a Journalism and Global Studies major at the University of Hong Kong and have completed my third year at Yale and Cambridge. I've also written for South China Morning Post,...

I cover Chinese companies and cultural events. I am a Journalism and Global Studies major at the University of Hong Kong and have completed my third year at Yale and Cambridge. I've also written for South China Morning Post, Asia Times, and Hong Kong Free Press, among other publications. My work can be found at jinshanhong.wordpress.com

They may have initially been made to tell the time but some timepieces – each worth up to half-a-million dollars – are prized for their intrinsic beauty and increasing value, and high-end retailers are rapidly adapting to the challenges presented to the watch industry. Here's how.

The transaction volume of non-banking payments grew to almost $15 trillion in 2016, increasing twofold from 2015. Today, 40% of China’s population get around carrying less than $15. To tackle this unprecedented industry, financial regulators need to catch up.